皇冠现金网
热门标签

手机新2管理端(www.99cx.vip):ANALYSIS-As US$ roars higher, few dare to stand in its way

时间:1个月前   阅读:8   评论:3

手机新2管理端www.99cx.vip)实时更新发布最新最快最有效的手机新2管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty. Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decades

NEW YORK: An epic rally in the dollar has investors wondering how much further it can run, though many are biding their time before turning bearish on the U.S. currency.

The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty.

Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decades and weighing on the earnings of U.S. corporations such as Microsoft MSFT.O and BlackRock BLK.N.

The extent of the dollar's strength has taken markets by surprise.

A model used by BoFA Global Research comparing macroeconomic fundamentals in different economies, for example, last month showed the dollar was overvalued against the currency of every G10 country. Moreover, history shows that while the greenback tends to strengthen before a Fed hiking cycle, it begins to fall soon after, a pattern it has so far deviated from. Read full story

,

登1登2登3代理www.99cx.vip)实时更新发布最新最快最有效的登1登2登3代理网址,包括新2登1登2登3代理手机网址,新2登1登2登3代理备用网址,皇冠登1登2登3代理最新网址,新2登1登2登3代理足球网址,新2网址大全。

,

Still, the dollar’s momentum has made investors hesitant to stand in its way.

"Almost any currency looks attractive compared to the dollar on a longer-term basis, but investors have to ask themselves... what happens if you put on a position and the dollar keeps on strengthening?" said Brian Rose, senior economist at UBS Global Wealth Management.

Though recession worries have flared in the U.S. as the Fed tightens monetary policy, the outlook for many other economies appears even gloomier, increasing the dollar’s allure. A potential energy crunch in the euro zone, for example, has investors doubting the European Central Bank can raise rates far without hurting growth. Read full story

"One cannot have a weak USD (dollar) without a strong EUR (euro), and right now, the latter is in the midst of a structural shift that will be incredibly painful," analysts at TD Securities wrote. They believe the euro could fall as low as $0.85, after breaching $1.00 this week for the first time in 20 years.

Meanwhile, the Fed has raised interest rates faster than expected in an effort to tame inflation, putting yields in the U.S. higher than those in many developed countries. Higher rates make the dollar more attractive to investors.

That gap may narrow as other central banks accelerate their own monetary policy tightening. The Bank of Canada raised rates by 100 basis points on Wednesday -- though this week’s blistering U.S. inflation reading has bolstered expectations for a similar move from the Fed.

上一篇:足球博彩公司 --(www.99cx.vip)

下一篇:欧博电脑版下载(www.aLLbet8.vip):幽门螺旋杆菌:无症状感染者及儿童是否需要杀菌治疗?

网友评论

  • 2022-08-28 00:57:45

    Rubber glove stocks such as Top Glove Corp Bhd and Hartalega Holdings Bhd also did not sustain buyers’ interest after an initial spurt upwards in early trading yesterday, despite the World Health Organisation declaring the rapidly spreading monkeypox outbreak as a global health emergency.上来一顿夸

  • 2022-09-14 01:11:09

    The local unit declined versus the British pound to 5.4025/4061 from 5.3686/3710 yesterday and dipped against the euro at 4.5384/5415 from 4.5258/5279 at Tuesday's close. - Bernama经夸吗?我来了!!